The Egyptian Ministry of Petroleum and Mineral Resources has announced plans to significantly increase petrochemical production capacity and attract investments in exploration in the amount of US$2.1 billion. This is reported by Daily News Egypt.
PETROCHEMICAL Feed Atom
The Indian state government of Andhra Pradesh and officials from Bharat Petroleum Corporation Limited (BPCL) met to discuss the potential establishment of an oil refinery and petrochemical complex in the state. The project is likely to attract investments amounting to ₹70,000 crore.
After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
Balanced development and completing the value chain are two main targets of the petrochemical industry which are expected to be attained over the next seven years.
Arian Methanol Petrochemical with annual production capacity of 1.650 million tons of products and an investment of 243 million dollars was put into operation.
In a significant boost to the country's energy infrastructure, Iran has officially inaugurated 17 major oil, refining, and petrochemical projects across seven provinces, with a total investment of over 180 trillion rials (about $3.6 billion).
Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
Iranian company Petrochem plans to launch a chemical cluster worth $273 million in the Bukhara region, according to a presentation that Shavkat Mirziyoyev was acquainted with during his working visit to the region on May 31.
Managing director of the National Petrochemical Company (NPC), Morteza Shahmirzaie, says that the petrochemical sector provides a lot of its needs to catalysts from within the country.
The heads of petrochemical industry associations from seven Asian countries called for an international cooperation, Friday, to overcome the challenging business environment of recent years.
The Minister of Economic Affairs and Finance, Ehsan Khandouzi, commended the management and staff of Bank Melli Iran (BMI) for their achievements in the Iranian calendar year 1402.
The head of the National Petrochemical Company (NPC) Morteza Shahmirzaei says that over 97 petrochemical facilities are operating across Iran.
Indian Oil Corp Ltd (IOCL), India's largest oil marketing company, has successfully completed a Rs 148 crore acquisition of oil and gas company Mercator Petroleum through the insolvency and bankruptcy code (IBC)
Iran is to launch 15 petrochemical projects by the end of the current Iranian calendar year (to end on March 20, 2025), said the managing director of National Petrochemical Company of Iran (NPC) here on Saturday.
Iran's National Petrochemical Company reported that its petrochemical complexes, with 79% of their capacity, produced 74.3 million tons of petrochemicals in the last Iranian year.
India's petrochemical demand is projected to grow at around 8 per cent in 2024, surpassing the country's economic growth rate of 6 per cent-7.1 per cent annually from 2024-2026, according to a report by S&P Global Commodity Insights.
Iran, as the third largest LPG producer in the world, is capable of exporting the product to African countries, acting head of international affairs at the National Iranian Gas Company (NIGC), Amirhoushang Karami, said.
"The process of gathering associated gases will accelerate this year so that the majority of petrochemical complexes' gas flares will be turned off at the end of the current Iranian calendar year on March 20 2025" NPC’s managing director said.
India has agreed to allow oil marketing companies to procure ethanol by diverting an extra 800,000 metric tons of sugar for biofuel production, a government source said on Wednesday.
Iran’s petrochemical production capacity will exceed 100 million tons by the end of the current Iranian year (March 20, 2025), said the National Petrochemical Company (NPC) managing director.